Bank of New York Mellon Corp Cuts Stock Position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Bank of New York Mellon Corp decreased its holdings in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,494 shares of the specialty retailer’s stock after selling 6,770 shares during the period. Bank of New York Mellon Corp owned about 0.13% of 1-800-FLOWERS.COM worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of 1-800-FLOWERS.COM by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 1,623 shares during the period. Arkadios Wealth Advisors boosted its holdings in 1-800-FLOWERS.COM by 12.9% in the 4th quarter. Arkadios Wealth Advisors now owns 35,215 shares of the specialty retailer’s stock worth $288,000 after buying an additional 4,015 shares during the last quarter. Jane Street Group LLC boosted its holdings in 1-800-FLOWERS.COM by 66.1% in the 3rd quarter. Jane Street Group LLC now owns 56,440 shares of the specialty retailer’s stock worth $448,000 after buying an additional 22,460 shares during the last quarter. State Street Corp increased its stake in 1-800-FLOWERS.COM by 0.5% during the 3rd quarter. State Street Corp now owns 599,570 shares of the specialty retailer’s stock worth $4,755,000 after buying an additional 2,886 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of 1-800-FLOWERS.COM by 24.3% during the third quarter. Barclays PLC now owns 97,904 shares of the specialty retailer’s stock valued at $778,000 after acquiring an additional 19,150 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Activity

In other 1-800-FLOWERS.COM news, major shareholder Fund 1 Investments, Llc acquired 50,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average cost of $7.18 per share, for a total transaction of $359,000.00. Following the completion of the transaction, the insider now owns 4,224,364 shares of the company’s stock, valued at approximately $30,330,933.52. The trade was a 1.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have bought 2,165,105 shares of company stock valued at $16,346,791. 51.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on FLWS shares. DA Davidson reiterated a “neutral” rating and set a $7.50 price target on shares of 1-800-FLOWERS.COM in a research report on Friday, March 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a report on Saturday, March 22nd.

1-800-FLOWERS.COM Trading Up 0.8 %

FLWS opened at $5.98 on Thursday. The firm has a market capitalization of $380.33 million, a price-to-earnings ratio of -54.36 and a beta of 1.81. The company’s 50 day simple moving average is $7.44 and its two-hundred day simple moving average is $7.76. 1-800-FLOWERS.COM, Inc. has a 1-year low of $5.43 and a 1-year high of $11.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 1.03.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative return on equity of 0.76% and a negative net margin of 0.43%. Analysts expect that 1-800-FLOWERS.COM, Inc. will post -0.07 EPS for the current fiscal year.

About 1-800-FLOWERS.COM

1-800-FLOWERS.COM, Inc provides gifts for various occasions in the United States and internationally. It operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.